U.S. TREAS Form treas-irs-2438-1992 Form 2438 Department of the Treasury Internal Revenue Service Regulated Investment Company Undistributed Capital Gains Tax Return File only if the fund elects to designate undistributed capital gains under section 852(b)(3)(D). � Attach a copy of this form to Form 1120-RIC. For calendar year 1992 or tax year beginning , 1992, ending , 19 Name of fund Please Type or Print Part I OMB No. 1545-0144 Employer identification number Number, street, and room or suite no. (If a P.O. box, see instructions.) City or town, state, and ZIP code Short-Term Capital Gains and Losses—Assets Held 1 Year or Less (a) Kind of property and description (Example, 100 shares of Z Company) (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (e) Cost or other basis, plus expense of sale (d) Gross sales price (f) Gain or (loss) ((d) less (e)) 1 2 3 Short-term capital gain from installment sales from Form 6252, line 26 or 37 Unused capital loss carryover (attach computation) 2 3 4 Net short-term capital gain or (loss). Combine lines 1 through 3. (See instructions.) 4 Part II ( ) Long-Term Capital Gains and Losses—Assets Held More Than 1 Year 5 6 Enter gain from Form 4797, line 8 or 10 6 7 Long-term capital gain from installment sales from Form 6252, line 26 or 37 7 8 Net long-term capital gain. Combine lines 5 through 7 8 9a Net capital gain. Enter excess of net long-term capital gain (line 8) over net short-term capital loss (line 4) b Capital gain dividends 10 Undistributed capital gains. Subtract line 9b from line 9a 11 Amount of undistributed capital gains on line 10 designated under section 852(b)(3)(D) 12 Amount of undistributed capital gains not designated under section 852(b)(3)(D). Subtract line 11 from line 10. (See instructions.) 9a 9b 10 11 12 13 Capital gains tax. Multiply line 11 by 34%. (See instructions.) Please Sign Here Paid Preparer’s Use Only 13 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. � Signature of officer Preparer’s signature � Firm’s name (or yours if self-employed) and address Date � Title Preparer’s social security number Date � For Paperwork Reduction Act Notice, see instructions on back. Check if self employed � Cat. No. 11856I E.I. No. � ZIP code � Form 2438 (1992) Form 2438 (1992) Page General Instructions (Section references are to the Internal Revenue Code.) Paperwork Reduction Act Notice We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is: Capital Gains, for each shareholder for whom the fund paid tax on the undistributed capital gains designated on line 11 of Form 2438. Copies B and C of Form 2439 must be provided to the shareholder by the 60th day after the end of the fund’s tax year. Rounding Off to Whole Dollars The fund may show amounts on the return as whole dollars. To do so, drop any amount less than 50 cents and increase any amount from 50 cents through 99 cents to the next higher dollar. Late Filing of Return A fund that does not file its tax return by the due date, including extensions, may have to pay a penalty of 5% of the unpaid Learning about the tax for each month or part of a month the law or the form 35 min. return is late, up to a maximum of 25% of the unpaid tax. The minimum penalty for a Preparing and sending the form to the IRS 45 min. return that is more than 60 days late is the smaller of the tax due or $100. The penalty If you have comments concerning the will not be imposed if the fund can show accuracy of these time estimates or that the failure to file on time was due to suggestions for making this form more reasonable cause. Funds that file late must simple, we would be happy to hear from attach a statement explaining the you. You can write to both the Internal reasonable cause. Revenue Service, Washington, DC 20224, Attention: IRS Reports Clearance Officer, Late Payment of Tax T:FP; and the Office of Management and Budget, Paperwork Reduction Project A fund that does not pay the tax when due (1545-0144), Washington, DC 20503. DO may have to pay a penalty of 1⁄2 of 1% of NOT send the tax form to either of these the unpaid tax for each month or part of a offices. Instead, see When and Where To month the tax is not paid, up to a File, below. maximum of 25% of the unpaid tax. This penalty may also apply to any additional Purpose of Form tax not paid within 10 days of the date of the notice and demand for payment. The Form 2438 is used by regulated investment penalty will not be imposed if the fund can companies (RICs) to figure income tax on show that the failure to pay on time was undistributed capital gains designated due to reasonable cause. under section 852(b)(3)(D). If a RIC has more than one fund, each fund must file a Depositary Method of Tax separate Form 2438. The term “fund” as Payment used in these instructions refers to the definition in section 851(h) and to any RIC Deposit the fund income tax payments that does not have more than one portfolio with Form 8109, Federal Tax Deposit of assets. Coupon. Do not send deposits directly to Recordkeeping 7 hr., 39 min. Undistributed capital gains designated under section 852(b)(3)(D) are taxed at a 34% rate and are treated as constructively distributed to shareholders at year end. See the instructions for Schedule D (Form 1120), Capital Gains and Losses, for a definition of capital assets and other details on figuring and reporting capital gain transactions. When and Where To File File the original of this form by the 30th day after the end of the fund’s tax year with the Internal Revenue Service Center where the fund will file its Form 1120RIC, U.S. Income Tax Return for Regulated Investment Companies. Attach a copy of Form 2438 to the fund’s Form 1120-RIC. Also attach to Form 1120-RIC, Copy A of Form 2439, Notice to Shareholder of Undistributed Long-Term an IRS office. Mail or deliver the completed Form 8109 with the payment to a qualified depositary for Federal taxes or to the Federal Reserve bank (FRB) servicing the fund’s geographic area. Make checks or money orders payable to that depositary or FRB. To help ensure proper crediting, write the fund’s employer identification number, the tax period to which the deposit applies and “Form 1120,” on the fund’s check or money order. Be sure to darken the “1120” box on the coupon. These records of deposits will be sent to the IRS. A penalty may be imposed if the deposits are mailed or delivered to an IRS office rather than to an authorized depositary or FRB. 2 For more information on deposits, see the instructions in the coupon booklet (Form 8109) and Pub. 583, Taxpayers Starting a Business. Who Must Sign Form 2438 must be signed and dated by the president, vice president, treasurer, assistant treasurer, chief accounting officer, or by any other corporate officer (such as tax officer) authorized to sign. Receivers, trustees, or assignees must also sign and date any return filed on behalf of a fund. Note: If this return is being filed for a series fund (discussed in section 851(h)), the return may be signed by any officer authorized to sign for the RIC in which the fund is a series. If a corporate officer completes Form 2438, the Paid Preparer’s space should remain blank. Anyone who prepares Form 2438 but does not charge the fund should not sign the return. Generally, anyone who is paid to prepare Form 2438 must sign it and fill in the Paid Preparer’s Use Only area. The paid preparer must complete the required preparer information and: ● Sign the return by hand, in the space provided for the preparer’s signature (signature stamps and labels are not acceptable). ● Give a copy of Form 2438 to the taxpayer. Specific Instructions Period covered.—File the 1992 return for calendar year 1992 and fiscal years that begin in 1992 and end in 1993. For a fiscal year, fill in the tax year space at the top of the form. Address.—Include the suite, room, or other unit number after the street address. If the Post Office does not deliver mail to the street address and the fund has a P.O. box, show the box number instead of the street address. Line 4 Enter any net short-term capital gain shown on line 4 on line 1 of Schedule D (Form 1120) as “Net short-term capital gain from line 4, Form 2438.” Line 12 Enter the amount on line 12 on line 6 of Schedule D (Form 1120). Report this amount as “Undistributed net capital gain not designated under section 852(b)(3)(D) from Form 2438.” Line 13 Deposit the tax due by the 30th day after the end of the fund’s tax year.